My new monthly risky levels suggests additional upside in March

8/7/2019 My new monthly risky levels suggests additional upside in March

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Richard Suttmeier is the Chief Market Strategist at www.ValuEngine.com. ValuEngine is a fundamentally-based quant research firm in Newtown, PA. ValuEnginecovers over 7,000 stocks every day.A variety of newsletters and portfolios containing Suttmeier's detailed research, stock picks

and commentary can be found at http://www.valuengine.com/nl/mainnl

March 1 , 2011 My new mont h ly r isky leve ls suggests add i t iona l ups ide in March

We had our most severe ValuEngine Valuation Warning on Friday, February 18th. We know that

weekly charts are overbought with the exception of Dow Transports. We begin March withoverbought monthly charts for the Dow Industrials, the NASDAQ, the NASDAQ 100 and DowTransports. My proprietary analytics has generated new monthly levels and we have shifted180 degrees showing monthly risky levels instead of value levels. The Dow Jones IndustrialAverage has additional upside to weekly and monthly risky levels at 12,461 and 12,741. Thenearest value level is the annual at 11,491, so be careful of two-way volatility.

10-Year Note (3.414) Weekly and annual value levels are 3.630 and 3.796 with daily and monthly,risky levels at 3.369 and 3.002.

Courtesy of Thomson / Reuters


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Comex Gold ($1411.7) My annual value level is $1356.5 with daily, monthly, quarterly andsemiannual risky levels at $1423.9, $1437.7, $1441.7 and $1452.6. Staying above $1400 has been

problem since November.


Nymex Crude Oil ($96.86) Weekly and semiannual value levels are $89.76, and $87.52, withmonthly and annual pivots at $96.43 and $99.91, and annual, daily, semiannual and quarterly risky

levels are $101.92, $102.26, $107.14 and $110.87. A flag pole formed last week from the weeksrange of $89.77 to $103.41, now the flag will be built.



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The Euro (1.3804) My quarterly value level is 1.3227 with a weekly pivot at 1.3690 and daily riskylevel at 1.3943. The euro is above its 50-day simple moving average at 1.3452


Daily Dow: (12,226)My annual value level is 11,491 with a daily pivot at 12,211, and weekly, monthlyand annual risky levels at 12,461, 12,741 and 13,890.



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ValuEngine Valuation Warning - A ValuEngine Valuation Warning occurs when more than 65% of allstocks in the ValuEngine universe are calculated to be overvalued. On February 18th 68.6% of all

stocks were overvalued, which was the highest of the year. Today 63.0% of all stocks areovervalued. All 16 sectors are overvalued, 8 by double-digit percentages.

Key Levels for the Major Equity AveragesThe Dow Industrial Average (12,226) Libya Trading Range: 11,983 to 12,391. My annual

value level is 11,491 with a daily pivot at 12,221, and weekly and monthly risky levels at 12,461and 12,741.

The S&P 500 (1327.3) Libya Trading Range: 1294 to 1344. My quarterly value level is 1262.5with a daily pivot at 1321.6 and weekly and monthly risky levels at 1352.9 and 1381.3.

The NASDAQ (2782) Libya Trading Range: 2706 to 2840. My daily value level is 2763 withweekly, quarterly and monthly risky levels are 2860, 2853 and 2926.

The NASDAQ 100 (NDX) (2351) Libya Trading Range: 2285 to 2403. My daily value level is2323 with weekly, quarterly, and monthly risky levels at 2436, 2438 and 2499.

Dow Transports (5085) Libya Trading Range: 4918 to 5306. My quarterly value level is 4671with a daily pivot at 5035, and weekly and annual pivots at 5150 and 5179, and monthly riskylevel at 5543.

The Russell 2000 (823.45) Libya Trading Range: 795 to 838. My quarterly value level is 765.5with a daily pivot at 820.60 and weekly and monthly risky levels at 826.33 and 850.79.

The Philadelphia Semiconductor Index (SOX) (458.62) Libya Trading Range: 439 to 474. Mymonthly pivot is 453.89 with a daily pivot at 458.88, my quarterly pivot at 465.93 and weeklyrisky level at 493.15.

Richard Suttmeier

Chief Market StrategistValuEngine.com, (800) 381-5576

Send your comments and questions to [email protected]. For more information on our products and services visitwww.ValuEngine.comAs Chief Market Strategist at ValuEngine Inc, my research is published regularly on the website www.ValuEngine.com. I have daily, weekly, monthly, andquarterly newsletters available that track a variety of equity and other data parameters as well as my most up-to-date analysis of world markets. Mynewest products include a weekly ETF newsletter as well as the ValuTrader Model Portfolio newsletter. You can goHERE to review sample issues andfind out more about my research.

I Hold No Positions in the Stocks I Cover.

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My new monthly risky levels suggests additional upside in March